in USD Looks like a queeze up to COMEX open time is possible... Let's see. As I said last night.. there are enough features here to sow doubt in me that it's a bearish chart. I think could go either way, but I'm leaning 51/49 to go up. As @lukeytrags has been quite upset about, the goldies are capitulating today. I think that's the last scream of capitulation...
And so, the Pound also came under pressure last week. But the price remains above the key support 1.36085. This level would be an excellent entry point for an anticipated upward pullback. A more aggressive option is to enter from current prices. It is expected that the instrument would still face the onslaught of the US dollar and may even go into a counteroffensive.
And so, the significant weakening of the Euro last week suggests that the currency pair is going to renew the lows of this year. The key support level at 1.16665. There is 1.17000 level, that would also support the price.
There was no negative news for the oil market following the September Fed meeting. Interest rates and asset purchases remained unchanged, although the rhetoric continued to escalate. In particular, the Fed announced its readiness to make a decision to start cutting the asset purchase program at the next meeting. Additionally, an increase in expectations for the...
Within this week, the Bitcoin expects a test of the resistance area 43919 - 46867. Where may we expect an attempt to continue the fall in BTCUSD and the further development of the downtrend. The purpose of this movement is the support level 40967.65. Cancellation of the option to continue the decline in the Bitcoin rate will be a breakdown of the resistance area...
And so, most likely, the coin will not be able to pass 2985.15 with such a sharp approach to this level. After a slight pullback to the ~ 2700 level, a second attempt to overcome the resistance above is expected.
And so, the price keeps its presence in the trading range indicated earlier. It was also assumed that it would not be possible to pass through a small resistance in the area of 44080.95 - 45241.90 at once. Nevertheless, the buying mood remains, we expect the price in the indicated resistance area for the second attempt to overcome it.
And so, the pair is globally at the stage of the supposed reversal ("head and shoulders" pattern). In addition, now the tool is at the resistance line, which is unlikely to be overcome by the Pound. It is expected to fall to the level of 150.460, where if it consolidates, it would go even lower.
And so, the price of the instrument is right at the resistance line of the downtrend channel. The price is expected to remain within the channel and bounce off the resistance line down to ~ 119.085.
As we can see, the price has penetrated the level of Weekly Map, and if the price shows weakness, we can expect a further fall from the price. OANDA:XAUUSD ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 25.Sep.2021 ⚠️(DYOR)
WHo traders' textbook of structures here., Head adn shoulders right now, small rising wedge over resistance is about to let go Measured moves are there- the vertical-ish poles
And so, for Gold, the price fell as expected. Most likely, the price would try to recover to the level of 1769 at the moment. Sellers will not be able to pass the support 1747.380 right away. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, confident yesterday's growth stopped at the level of 1.37405. Also, the instrument is most likely to be in a downtrend channel and now the price is right at the resistance line. All this may indicate a possible price drop to the level of 1.36085. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, the currency is near the level of 1.17530, which on Thursday did not allow buyers to go further. This level, at least, will create problems for the continuation of the upward movement. Most likely, the area would be contained, and the price would be forced to go down. Remember, there is no place for luck in trading - only strategy! Thanks for the likes...
Updating of Last Analysis ... Last Night Analysis : Well, as we know tonight the interest rate will be announced by the Federal Reserve and this important news will direct the market, we have to wait to see if the market trend will go up or down and based on that we will follow the trend. OANDA:XAUUSD ⚠️ This Analysis will be updated ... 👤 Arman Shaban :...
And so, the downtrend movement is expected to continue in the short term. The price is in a downtrend channel and has dropped below the level of 1769.045. Taken together, this promises the price to hike down to the level of 1747.380. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, the coin is still in the same trade range. Buying mood persists. A slight resistance located in the area of 44080.95 - 45241.90 should be passed in order to hit the target at the level of 47932.50. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, the Euro is checking for strength to the support level 1.17000, which is very likely to be broken down. The next support is at 1.16665. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.